Transport group Stagecoach said current trading remains good and it expects to at least maintain operating profit levels in the year to 30 April 2013.
The group, which recently introduced it Megabus brand into Europe with services running from London, Paris, Amsterdam and Brussels from as little as £1 or €1, said like-for-like revenue at its UK Bus operations rose 2.7% in the forty eight weeks ended 1 April 2012. Its bus division carries over two million passengers each day on over 8,000 vehicles.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Six investment funds for beginnersBeginner investors can use funds to start building their portfolio, making it easy to access global trends while managing their risk level. Here’s six funds that beginner investors can consider.
-
Farming isn't for the faint-hearted – and isn't profitableOpinion Farming may look appealing, but turning a profit is extremely hard. No wonder many farmers are attracted to the Sustainable Farming Incentive, says Max King
